Korean Divorce Laws and Crypto Assets

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#1Jun 12, 2021, 04:05 AM
So I just read that in Korea they now have laws about dividing crypto in divorce cases. But what’s the deal with assets bought before marriage? Do they get split too?
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SwiftForkMember
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#2Jun 12, 2021, 04:26 AM
As I get it, only crypto bought during the marriage counts for division. Anything owned beforehand seems to stay with whoever had it. That’s pretty clear, right?
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cobra88Newbie
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#3Jun 12, 2021, 06:14 AM
Nah, don't panic. Anything you had before you tied the knot is yours. In South Korea, that’s not seen as shared property. So if you keep your finances separate, you’ll be good to go.
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#4Jun 13, 2021, 02:13 PM
Not so fast! Laws can be tricky. Just because it seems clear doesn’t mean it is. There might be nuances that let crypto bought before marriage slip into the conversation during divorce if it affects your total assets.
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#5Jun 13, 2021, 08:16 PM
Totally different ballgame where I’m from. The husband usually just pays off a set amount, and that's that. No sharing of assets. Women keep their stuff, even if they’re rich.
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cobra88Newbie
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#6Jun 13, 2021, 10:11 PM
Wait, you’re from UAE, right? I heard their marriage laws are quite strict. But hey, if it works for you, that’s cool. And don’t stress about marrying a Korean; your assets should be safe if you keep everything legit.
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#7Jun 14, 2021, 04:30 AM
Actually I’m from Syria, not UAE. And yeah, we follow Islamic law, which means husbands handle all expenses and wives keep their properties. Pretty straightforward.
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cobra88Newbie
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#8Jun 14, 2021, 08:09 AM
Just kidding earlier! But seriously, are you Muslim? I hear Muslim men can marry multiple wives if they can support them. Is that true?
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#9Jun 14, 2021, 11:45 AM
Not just any number! It’s up to four, under certain conditions, like a shortage of men during war. But there’s gotta be fairness among them too.
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CryptoBitNewbie
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#10Jun 16, 2021, 09:02 PM
I didn’t see this coming. Isn’t this how divorce laws usually are? But crypto? Wow, is Korea the first to recognize this? What about the U.S.?
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lynx1337Newbie
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#11Jun 17, 2021, 01:12 AM
Yeah, in the U.S., it’s similar. Marital assets usually get split. But it's not always straightforward, especially in places where men dominate the laws.
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CryptoBitNewbie
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#12Jun 19, 2021, 01:50 AM
I figured as much. Just wanted to know if BTC counts as a divisible asset. Proving when it was bought can be tricky, especially if it’s peer-to-peer transactions. If one partner is savvy, they could keep it hidden.
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